Doosan to form $75 mn fund for new techs

Doosan Investment, the corporate venture capital (CVC) arm of South Korea's Doosan Group, has formed a 100 billion won ($75 million) fund, focusing on future-oriented technologies like artificial intelligence (AI), semiconductors, and eco-friendly energy, according to the company on Thursday.

Doosan Investment received 20 billion won each from five companies including Doosan Corp., Doosan Enerbility Co., Doosan Bobcat, Doosan Tesna, and Doosan Robotics Inc.

Named "Doosan New Technology Investment Association No. 1," the fund aims to create long-term value by strategically investing in promising new technologies.

Established last year, Doosan Investment is a 100% owned subsidiary of Doosan Corp.

Its purpose is to strengthen the group's competitiveness by investing in sectors with potential for synergistic growth with existing businesses.

Starting this year, Doosan Investment will target five key areas: robotics, semiconductors, AI, automation, and green energy.

Write to Hyung-Kyu Kim at khk@hankyung.com